# PPP loan: PEREA PRESCHOOL
> **$275K** approved 04/08/2020 · Paid in Full · Loan `8821067005`
## Borrower
- **Name:** PEREA PRESCHOOL
- **Address:** 1250 Vollintine Ave Suite 100, MEMPHIS, TN, 38107-2826
- **NAICS:** 624410
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $275K
- **Initial approval:** $275K
- **Forgiven:** $278K (101%)
- **Forgiveness date:** 04/15/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $255K
- **Rent:** $10K
- **Utilities:** $10K
- **Jobs reported:** 32
## Lender
- **Originating:** First Horizon Bank
- **Servicing:** First Horizon Bank (TN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*